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22.
Records-
(a)
records of supplies made shall indicate the description, quantity and value of
goods, name and address of the person to whom supplies were made and the amount
of the tax charged;
(b)
records of goods purchased shall show the description, quantity and value of
goods, name, address and registration number of the supplier and the amount of
the tax on purchases;
(c)
records of zero-rated and exempt supplies;
(d)
invoices, credit notes, debit notes, bank statements, inventory records, utility
bills, salary and labour bills, rental agreements, sale purchase agreements and
lease agreements; and
(e)
such other records as may be specified by the Board:
Provided that the persons paying
turnover tax or retail tax shall keep such record as may be specified by the
Board.
(2)
The Board may, by notification in the official Gazette, specify for any class of
taxable persons or any other person registered under this Act to keep such other
records for the purposes of this Act.
(2A)
The Board may, by notification in the Official Gazette, specify for any class of
taxable persons registered under this Act to use such electronic fiscal cash
registers as are approved by the Board in the manner as may be prescribed.
(3) The Board may, by notification in the official gazette, prescribe the procedure or software for electronically maintenance of records, filing of sales tax returns or refunds and for any other matter or approve any software for electronic maintenance of records and filing of returns or refunds by a person or class of such persons.
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